What do independent specialists say about sustainability and ING?
ING is one of the most sustainable listed banks in the world. Our policies and actions are assessed by independent institutions, which report on them annually.
Dow Jones Sustainability Indices
The Dow Jones Sustainability Indices (DJSI) named ING among world leaders in the industry category Banks and again included ING in the World Index and the Europe Index of this category in 2018. While the industry average score is 58, ING scores 82 out of 100, almost unchanged from our 2017 score of 89. The highest score in the Banks category is 94. In December 2018, ING’s score was recalculated to 78 and our inclusion in the DJSI World and Europe index confirmed.
ING received perfect scores for climate strategy, environmental reporting, and business risks and opportunities related to environmental policies and product & services. We also improved our scores in the area of human capital development and maintained our position in financial inclusion and social reporting. The results show our efforts to contribute towards a low-carbon and self-reliant society.
ING remains ranked as sustainability ‘leader’ in the banks industry group and in each of the three assessment categories (environment, social and governance, or ESG) by Sustainalytics, the global provider of ESG research and ratings.
With a score of 85 in 2017, only one point lower than last year, we were ranked seventh out of nearly 350 companies and first in our market capitalisation peer group.
ING was again named to CDP’s ‘Climate change A-List’ of 126 companies leading on climate change action, the fourth year in a row we’ve received this recognition.
The global non-profit CDP uses measurement and disclosure to improve the way companies and governments manage environmental risk. In 2018 it assessed thousands of companies on their environmental performance related to climate change on behalf of 650 investors with over $87 trillion in assets.
ING was ranked 22th in the Dutch Transparency Benchmark in 2017, with 187 points (up from 186 points a year earlier).
The Dutch Ministry of Economic Affairs each year asks accounting firm EY to research the quality and manner of GRI reporting by the 500 biggest Dutch companies. Then an independent panel of experts reviews the top 20 companies based on their own criteria.
Stakeholders such as consumers, shareholders and governments, expect companies to be transparent about their efforts and results in sustainable entrepreneurship. By doing so, they openly show where there challenges are, allowing stakeholders to address them. This helps to improve transparency and start dialogue, which can result in change.
More information can be found on https://www.transparantiebenchmark.nl/
VBDO (Dutch Association of Investors for Sustainable Development)
The VBDO is the sole association in the Netherlands to support the interests of institutional and private investors that want to invest sustainably. It issued a report on the “Sustainability Performance of Dutch Stock Listed Companies” in November 2015 and said that ING is the sector’s “best practice”:
“Sustainability is seen as an integral part of doing business, which will provide a competitive advantage in the future. ING drives sustainable progress and makes a positive contribution to global economic growth and development by promoting responsible lending and investment practices in retail and commercial banking.”